Solar Savings Calculator for Lexington, KY
Homeowners in Lexington pay an average of $138/month for electricity through Kentucky Utilities. With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$138
Avg Monthly Bill
13.5¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$41,502
Est. 25-Year Savings
Calculate Your Savings in Lexington
Adjust Your Details for Lexington, KY
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8.4 kW
Panel Count
21 panels
Total System Cost
$23,100
Federal Tax Credit (30%)
-$6,930
Net Cost
$16,170
Annual Savings
$1,656
Payback Period
9.8 years
25-Year Savings
$41,502
Return on Investment
257%
* Estimates based on 4.2 peak sun hours/day in Lexington, KY, system cost of $2.75/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Lexington
Utility & Permits
- Utility Company
- Kentucky Utilities
- Permit Cost
- $275
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 8.4 kW
- Panel Count
- 21 panels
- Gross Cost
- $23,100
- Net Cost (after credits)
- $16,170
Available Incentives for Lexington, KY
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Other Cities in Kentucky
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